What to Watch Before the Opening Bell

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  30 Sep 2025
 

•   ANAB  
   
  +33.00%
•   BTBT  
   
  -6.56%
•   ETSY  
   
  -10.59%
•   FLY  
   
  -21.19%
•   GNSS  
   
  +8.04%

Wall Street pre-market trading session shows modest declines as concerns mount over a potential U.S. government shutdown looming just days away. Futures for the Dow and S&P 500 are down approximately 0.2%, with Nasdaq futures weakening by a similar margin as investors digest the political and economic implications of the developments coming from Washington. Last night White House meeting between President Trump and representatives from both parties failed to produce a breakthrough, with Vice President J.D. Vance declaring that it looks like we're heading toward a shutdown.

In such a scenario, a significant portion of the federal government would cease to function fully, potentially delaying the release of crucial macroeconomic data, primarily the September employment report scheduled for release this Friday. This data point is critical for understanding the labor market situation and the Federal Reserve's interest rate trajectory, so any delay could further amplify uncertainty. A government shutdown could also prompt credit rating agencies to reassess America's fiscal position, coming after Moody's already downgraded the country's rating back in May.

While this isn't the first time we've heard about a government shutdown, there's a chance this time could be different. Without data, the Fed would need to make weighty decisions in a fog of information. Meanwhile, Trump isn't helping calm matters, as the President is already warning that a prolonged government shutdown could lead to massive layoffs among federal workers.

Still, the picture isn't entirely pessimistic. September, historically held as a month with negative returns, is likely to close in positive territory. The major indices are showing nice gains so far with the S&P 500 adding more than 3%, the Dow Jones strengthening by 1.7%, and the Nasdaq jumping approximately 5.3%, as demand for technology stocks continues to support the market.

Among the standout movers, $WOLF shares are surging approximately 19% in pre-market action after the company canceled all its previous shares and issued new ones as part of a reorganization process ahead of its expected emergence from bankruptcy. Wolfspeed, which operates in the silicon carbide chip sector for electric vehicle and industrial markets, entered Chapter 11 proceedings last June following heavy debt and cash flow pressure. Under the settlement, debt was reduced by roughly 70% and interest payments were cut by about 60%, while the number of shares shrank from 156 million to approximately 26 million, a move that significantly reduces the financial burden and sparks hope among investors for a fresh start.

$NVDA continues its upward trajectory, climbing 0.7% in pre-market trading, while $INTC corrects downward by 1.3%. The chipmaker divergence reflects ongoing market sentiment about artificial intelligence leadership and semiconductor positioning.

$ETSY and $SHOP shares jumped yesterday following OpenAI's dramatic announcement of its entry into e-commerce. The company unveiled Instant Checkout, a feature enabling product purchases directly from ChatGPT. The rollout began with Etsy sellers and will later expand to over a million Shopify merchants. The announcement sent $ETSY shares soaring 15.8%, while $SHOP added 6.2%. The new mechanism operates without paid advertising, based solely on presenting relevant offers when users search for items like running shoes under a hundred dollars. OpenAI charges a small commission on each transaction in partnership with payment processor Stripe. Analysts believe this could reshape e-commerce and create new competition for giants like Alphabet and PayPal.

$GNSS shares are jumping approximately 12% in pre-market trading after the company reported a $9 million order from the U.S. military for the CROWS system, which includes remotely controlled weapon stations. Genasys specializes in advanced alert systems and emergency communication solutions, and the new contract strengthens its position in the defense sector. The company expects these revenues to continue flowing in coming years against the backdrop of increased defense budgets in the United States.

$ANAB shares are climbing over 12% after the company announced a split into two separate public entities. AnaptysBio develops immunological drugs for inflammatory diseases and is now separating its royalty management division, which will transfer to Royalty Management Co., from its development arm that will lead new drugs like rosnilimab and ANB033. The split aims to sharpen business focus, with CEO Daniel Pagan continuing to lead the development arm.

$FLY shares are plunging approximately 12% in pre-market action after an explosion occurred in the booster stage of an Alpha rocket during a preliminary test in Texas. Firefly Aerospace, which operates in the satellite launch sector for commercial and defense missions, stated that all crew members are safe and safety protocols were maintained. However, this marks the second malfunction within just months after a previous failure in April, raising concerns about timelines for future launches.

$UUUU shares are weakening about 7% following an announcement of $550 million in private debt financing through convertible notes, with an option for an additional $82.5 million. Energy Fuels is among the prominent players in uranium and rare earth elements processing in North America. The financing is intended to fund expansion activities at the White Mesa facility in Utah and the Donald project in Australia, a move designed to deepen its involvement in the strategic rare earth supply chain.

$BTBT shares are down roughly 5% in pre-market trading after the company announced a planned $100 million convertible note offering maturing in 2030, with an option to increase the amount by $15 million. Bit Digital, one of the major cryptocurrency mining companies, plans to use the proceeds primarily for purchasing Ethereum alongside financing additional investments in digital assets and future acquisitions.

$OKLO shares are rising about 2% in pre-market trading after the company announced a collaboration with Sweden's Blykalla, which develops advanced nuclear technologies. Oklo specializes in micro nuclear reactors for clean electricity generation on small scales, and the partnership is expected to accelerate its penetration into the European market. Meanwhile, Barclays initiated coverage of $OKLO with a positive recommendation and a price target of $146.

$XPEV shares are climbing approximately 2.5% in pre-market trading after the company announced an expansion of its fast-charging infrastructure in the Asia-Pacific region in partnership with Charge Plus. XPeng, a Chinese electric vehicle manufacturer, is expected to add thousands of new charging stations, a move that strengthens its competitive advantage against Tesla and other players in the electric vehicle market.

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